Which of the following is a feature of a public good? MCQ with Answer and Explanation

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Which of the following is a feature of a public good?

A. Rivalrous and excludable

B. Non-rivalrous and non-excludable

C. Rivalrous and non-excludable

D. Non-rivalrous and excludable

Answer: Option B

Solution (By JKSSB Mock Tests)

Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:

A. machinery

B. textiles

C. petroleum products

D. agricultural and processed food products

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Correct Answer: Option D

Explanation:
APEDA promotes exports of agricultural and processed food products.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of trade policy, the 'Optimal Tariff' argument suggests that:

A. Free trade is never optimal

B. Only small countries can benefit from tariffs

C. Tariffs are always welfare-reducing for the imposing country

D. A large country may improve its terms of trade by imposing a tariff, provided foreign retaliation is absent

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Correct Answer: Option D

Explanation:
A large country can improve its terms of trade by restricting imports, thereby extracting some monopoly or monopsony rent; the optimal tariff balances this gain against the efficiency loss.

This question belongs to: Economy GK Economy Set 1

Question #3

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The Bharatmala Pariyojana is related to:

A. development of national highways and roads

B. airport modernization

C. development of ports

D. expansion of railways

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Correct Answer: Option A

Explanation:
Bharatmala Pariyojana is a national highways and road development programme.

This question belongs to: Economy GK Economy Set 1

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